XRP Defies Pre-September Fears with Synchronized Weekly Setup
XRP is defying traditional pre-September market fears as it prepares to enter September. Unlike Bitcoin, which usually corrects ahead of this month, XRP is showing resilience and even formed a synchronized weekly setup with Bitcoin and XLM in the final hours of August.
This rare market synchronization indicates that major capital is preparing for a strong upward move. The critical support level for XRP is $1.35, while Bitcoin has secured its position at $77,600.
The bullish scenario for XRP is also supported by recent news and events. In August, spot XRP ETFs experienced record weekly net inflows of $110.49 million, with assets under management totaling $1.44 billion. Additionally, banking giant Goldman Sachs confirmed it holds over $86 million in XRP ETF positions.
The upcoming Senate vote on the CLARITY Act on September 15 could further support XRP's status as a digital commodity and eliminate regulatory risks. Moreover, the scheduled release of 1 billion tokens on September 1 is not expected to create pressure on order books, as historically between 600 million and 800 million XRP are immediately returned to new escrow contracts.